How the 4% Safe Withdrawal Rate Failed Me with Kelly Iannone

Do you know how much money you need to save to be able to retire in your 50s or even earlier? What are you doing to prepare for your retirement? Are you just accumulating your money in traditional retirement accounts? If you think the 4% safe withdrawal rate is on your side, think again.

If you want to be financially independent, retire early, and live your dream lifestyle, today's episode with Kelly Iannone is a must-listen!

Top 3 Things You’ll Learn:
Why you should not put your money in traditional retirement accounts
How to use the retirement calculator
Why multifamily syndications can be your path to financial freedom (depending on your Investor DNA)

About Our Guest:
Kelly Iannone co-founded Waypoint Commercial Investment Partners with her husband. They have been real estate entrepreneurs since 2017. Together they have a portfolio of 579 units throughout Florida, Georgia, and Texas valued at over $65 million.

Kelly advocates for the FIRE (Financial Independence, Retire Early) community and is passionate about helping others achieve financial freedom through passive income from multifamily real estate.

Connect with Kelly Iannone:
Website - https://waypointcip.com/
LinkedIn - https://www.linkedin.com/in/kelly-iannone-waypointcip/

Inner Circle LIVE 2023:
https://go.wealthwithoutwallstreet.com/innercirclelive-2
August 25-27, 2023
Promo Code: PODCAST

Retirement Calculator:
https://retirementguide.wealthwithoutwallstreet.com/

Join the Community:
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Free Financial Strategy Call:
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https://www.wealthwithoutwallstreet.com/passport

Turn Active Income Into Passive Income:
https://go.wealthwithoutwallstreet.com/pios

Take the Financial Freedom Analyzer:
https://wealthwithoutwallstreet.com/quiz

Apply to Join the Passive Income Mastermind:
https://www.wealthwithoutwallstreet.com/wwws-passive-income-mastermind

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5:35 - Would you let us in on what was going on that led you and your husband to make a change?
6:24 - How did you come to that realization? How did you know that you were not going to hit that number? What were the metrics that you were looking at?
8:44 - How did you and your husband figure out what to do next?
10:23 - Where do you go from there? Putting money in your mattress and your checking account–What's the alternative you guys committed to at that point?
13:55 - How did you see real estate as an accelerator?
15:17 - What was the first real estate deal you did?
15:26 - Did the tenants pay you in accumulation, like in future dollars, or did they pay you by monthly deposit to your checking account?
16:04 - What was the next thing you did?
18:02 - What does getting involved with local real estate meetups look like for someone that's never been there and, maybe, has the same background you do? What were some things that were beneficial to you in the process?
19:37 - In that process, as you're educating yourself, how much more confident were you? Were you able to confidently not only invest but to share that knowledge with other people?
23:02 - How did you find your fit in that? What was your pathway? What were you learning within that community alone that helped you?
25:42 - Can you talk about something that didn't go so well that you learned after the fact and that you wished somebody would have told you to look out for?
28:04 - Were there potentially other things that you saw? People don't really understand what those partnerships look like, right? They don't understand who will do what, who's good with money, who's not good with money, delegating the assignments, and who will be responsible. Were any of those things red flags or areas that came up other than the Google issues?
32:30 - How did it lead to where you're at now with multifamily syndications as your niche? How did you get to that point?
34:39 - What specifically did that person in the group say, “This is why you should do syndications”? What were they referring to?
35:03 - Would you give us an example? Talk about what that looks like.
37:33 - We talk about the Investor DNA profile our clients all walk through. They figure that out through our process. Is there anything specific to you and your husband that confirms why investing in multifamily syndications works for you, outside of just the math?

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🎧 Listen Now to the full episode of the podcast here 👉
https://www.wealthwithoutwallstreet.com/podcast/how-the-4-safe-withdrawal-rate-failed-me-with-kelly-iannone

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